61 Town Centre Court 404, Toronto E09

$485,000
61 Town Centre Court 404

$485,000

New
23d
Condo ApartmentApartment

61 Town Centre Court 404, Toronto E09

Total Monthly Obligation $3,412

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
23d
Score
17
Yield
6.7%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-E13852386
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,301.94 (2026)
Maintenance-$1,064.26/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REAL ONE REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60
Neighbourhood-Bendale
Title-Residential Condo & Other

No agent assigned

Beautiful 2-Bedroom, 2-Bathroom Suite with 1 Parking Spot Spacious, split-bedroom layout with no wasted space. This well-maintained suite features numerous upgrades, including hardwood flooring throughout for easy maintenance, stainless steel appliances, and a quartz countertop with a stylish waterfall design. Maintenance fees include heat and hydro, providing added convenience and value. Ideally located next to Scarborough Town Centre, in the heart of Scarborough, with easy access to Highway 401, YMCA, shopping mall, TTC, GO Transit, Centennial College, and the University of Toronto Scarborough Campus. Enjoy the exceptional amenities offered by this well-maintained Tridel community, including 24-hour concierge service, an indoor pool, fitness centre, and a spacious party room. Please note: The photos in this listing were taken before the tenant moved in.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$388,000
Land Transfer Taxes$6,175
Legal Fees (Est.)
$
Total cash required for closing$104,675

Total Monthly Obligation

$3,412/mo
Mortgage $1,956
Monthly Loss $2,898
Principal$515
Interest$1,442
Property Tax$192
Condo Fees$1,064
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
7.1%19
10-Year IRR
8.6%
Returns Index
10.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,304/yr
NOI
$11,601/yr
Net Cash Flow
-$990/mo
Cash Margin
-36.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 61 Town Centre Court 404

Time

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